Lindblad Expeditions (NASDAQ:LIND) Shares Gap Down to $10.31

Lindblad Expeditions Holdings, Inc. (NASDAQ:LINDGet Rating)’s share price gapped down before the market opened on Friday . The stock had previously closed at $10.31, but opened at $9.76. Lindblad Expeditions shares last traded at $9.80, with a volume of 987 shares traded.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Stifel Nicolaus reduced their price target on Lindblad Expeditions from $23.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, August 2nd. Craig Hallum reduced their price target on Lindblad Expeditions from $23.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, August 2nd. Finally, StockNews.com raised Lindblad Expeditions to a “sell” rating in a report on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $16.25.

Lindblad Expeditions Trading Down 0.4 %

The stock has a market capitalization of $544.93 million, a PE ratio of -4.14 and a beta of 2.09. The firm has a 50 day moving average of $8.76 and a two-hundred day moving average of $11.49.

Lindblad Expeditions (NASDAQ:LINDGet Rating) last released its quarterly earnings data on Monday, August 1st. The company reported ($0.59) earnings per share for the quarter, meeting the consensus estimate of ($0.59). The firm had revenue of $90.91 million during the quarter, compared to analysts’ expectations of $79.33 million. During the same period in the previous year, the business earned ($0.71) earnings per share. Equities research analysts forecast that Lindblad Expeditions Holdings, Inc. will post -2.09 EPS for the current year.

Insider Activity at Lindblad Expeditions

In related news, Director Jr. Thomas S. Smith sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $11.29, for a total value of $169,350.00. Following the completion of the transaction, the director now directly owns 168,462 shares of the company’s stock, valued at approximately $1,901,935.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 37.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lindblad Expeditions

Several hedge funds have recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Lindblad Expeditions by 1.0% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 60,593 shares of the company’s stock worth $945,000 after buying an additional 603 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Lindblad Expeditions by 3.9% during the first quarter. Rhumbline Advisers now owns 28,632 shares of the company’s stock worth $432,000 after purchasing an additional 1,067 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Lindblad Expeditions by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 101,157 shares of the company’s stock worth $1,525,000 after purchasing an additional 1,075 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Lindblad Expeditions by 11.0% during the second quarter. Legal & General Group Plc now owns 11,196 shares of the company’s stock worth $91,000 after purchasing an additional 1,105 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Lindblad Expeditions by 9.6% during the fourth quarter. Panagora Asset Management Inc. now owns 21,998 shares of the company’s stock worth $343,000 after purchasing an additional 1,935 shares during the last quarter. Hedge funds and other institutional investors own 72.26% of the company’s stock.

About Lindblad Expeditions

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Lindblad Expeditions Holdings, Inc provides expedition cruising and land-based adventure travel experiences. The company delivers voyages through a fleet of ten owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.

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